Broadcom lifts Q4 sales target

SAN FRANCISCO—Fabless chip vendor Broadcom Corp. Wednesday (Dec. 5) narrowed its fourth quarter sales target to the high end of the previously guided range based on better-than-expected revenue from the company's mobile and wireless products.

Broadcom (Irvine, Calif.) said it now expects fourth quarter sales to be between $2 billion and $2.1 billion. The company said previously it expected fourth quarter sales to be between $1.95 billion and $2.1 billion.

Broadcom's announcement that it expects to hit the high end of its guided sales target came one day after programmable logic vendor Altera Corp. moved the needle in the opposite direction, narrowing its fourth quarter guidance to the low end of its previous range. Altera said it expects fourth quarter sales to be down 8 to 10 percent sequentially after previously saying it expected a sequential decline of 6 to 10 percent. Related stories: